Informatica (NYSE:INFA) Rating Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Informatica (NYSE:INFA) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Friday, Marketbeat Ratings reports. They presently have a $21.00 price objective on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 7.22% from the stock’s current price.

A number of other brokerages have also recently commented on INFA. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $19.00 target price (down from $34.00) on shares of Informatica in a report on Friday. Truist Financial initiated coverage on Informatica in a research note on Thursday, December 12th. They issued a “buy” rating and a $34.00 price target for the company. Guggenheim reiterated a “buy” rating and issued a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. UBS Group increased their price target on Informatica from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price target (down previously from $35.00) on shares of Informatica in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.17.

Informatica Price Performance

Shares of Informatica stock opened at $19.59 on Friday. Informatica has a one year low of $16.37 and a one year high of $39.80. The stock’s fifty day moving average is $25.65 and its 200 day moving average is $25.47. The stock has a market cap of $5.98 billion, a P/E ratio of 93.27, a P/E/G ratio of 3.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA) last announced its earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a return on equity of 5.29% and a net margin of 3.89%. The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Sell-side analysts anticipate that Informatica will post 0.43 earnings per share for the current year.

Informatica declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 30th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the technology company to reacquire up to 5.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 10,734 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the completion of the transaction, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now directly owns 138,477 shares of the company’s stock, valued at approximately $3,747,187.62. The trade was a 6.76 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Informatica by 13.8% in the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. lifted its stake in Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. FIL Ltd lifted its stake in Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock worth $270,949,000 after purchasing an additional 93,685 shares during the last quarter. FMR LLC lifted its stake in Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock worth $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Informatica by 16.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after purchasing an additional 1,168,158 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.